“This is a great recognition of the work that is being done by our people around the globe. I am also impressed that we are one of only three Scandinavian companies on the list,” says Hilde Merete Aasheim, Hydro President & CEO.

Fortune’s World’s Most Admired Companies is based on a survey that covers a range of criteria, including investment value, quality of management and products, social responsibility and ability to retain talent. 

Hydro is the only Norwegian company included on the list and ranks number 5 among industry peers, along with metals companies such as Alcoa. The two other Scandinavian companies making the list are the Danish logistics company Maersk and Swedish car manufacturer Volvo.

The study surveys 3,700 top executives and directors from eligible companies, along with financial analysts, to identify the companies that enjoy the strongest reputations in their industries and across industries.

Technology and cosumer electronics company Apple claimed the top spot for the 15th straight year. 

Fortune is an American multinational business magazine headquartered in New York City.